Powertechnic Group Berhad Launches IPO: Lifting Malaysia’s Industry to New Heights!

Get ready for a major new player on the Bursa Malaysia ACE Market! Powertechnic Group Berhad, a true specialist in lifting systems, officially launched its prospectus today for an Initial Public Offering (IPO), aiming to raise a solid RM22.05 million!

With a track record spanning 23 years, Powertechnic is a titan in crane, hoist, and elevator systems. This IPO isn't just about listing; it’s about fueling a massive push into automation, market expansion, and capitalizing on Malaysia's booming industrial growth.

The Details: What Powertechnic Is Raising & How They’ll Use It

Powertechnic is issuing 63.00 million new shares at RM 0.35 per share to raise 22.05 million! Upon listing on 28 October 2025, the company will boast a market capitalization of over RM 108 million.

Here’s the strategic breakdown of how they plan to use that cash injection to turbocharge their growth:

• Automation Upgrade (3.80M): Investing heavily in automated machines to boost fabrication capabilities and efficiency—a huge win for delivering custom lifting solutions faster!

• Market Expansion (4.50M): Setting up new showrooms, sales offices, and storage space in key areas like Penang, Sarawak, Singapore, and Indonesia. They are planting flags in new territories!

• Working Capital (6.65M): Funding the day-to-day growth and operational demands of their expanding business.

  
  

Riding the Industrial Growth Wave

The timing couldn't be better! Powertechnic is perfectly positioned to capitalize on Malaysia's optimistic economic forecast. The lifting and handling equipment industry is set for long-term expansion, directly supported by key national strategies:

• NIMP 2030 Boost: The manufacturing and related services sector is projected to grow significantly under the New Industrial Master Plan 2030.

• User Industries Boom: Growth in construction and manufacturing is expected to spur massive demand for Powertechnic’s safe, efficient, and customisable lifting solutions.

As Managing Director Mr. Ivan Na Keh Chai puts it, the IPO will "enhance our production capabilities through automation... strengthen our market presence... and reinforce our commitment to delivering reliable lifting systems." They are ready to step into this next phase with "operational excellence and long-term growth" as their mantra.

Key Dates to Remember!

Want a piece of this action? Applications for the public issue are open now and will close on 14 October 2025.

Mark your calendar for the big day: Powertechnic is scheduled to list on the ACE Market on 28 October 2025! This is one IPO that’s set to lift the industry—literally!